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Owner Contacts

$510,880

NAL Estimated Property Value

503 N Prairie Avenue, Dallas, TX, 75246

Off Market

3 Beds

3 Bath

1,497 Sq Ft

$266.2 / sqft

Built in 1928

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, None

FlooringWood

Exterior

Lot Size6,600 sqft

Building Information

Year Built1928

Stories1

Roof Type105

Garage Spaces2

Land Information

APN00000125494000000

SubdivisionBurk & Slaughter

Land UseResidential

Legal DescriptionBURK & SLAUGHTER BLK B/795 PT 14 TO 16 50X132.4 PRAIRIE & TREMONT INT202000187235 DD07172020 CO-DC 0795 00B 01400 1DA0795 00B

Census Tract001502

Assessed Land Value$198,000

Assessed Improvement Value$312,880

Assessment Year2025

About this property

1928 gem rebuilt and given a second chance * Surrounded by beautifully restored much larger Victorian homes * Munger Place Historic District begins right across the street * Nearby apartments are being bought up and totally updated * Since February, the following has been done: all the windows, HVAC, plumbing, electrical, fence, rooms reconfigured and a complete interior & exterior face lift * Two car parking pad behind driveway gate off alley * Detached former workshop (300+ sqft) is now a central heating & cooling bonus room with a half bath * Large covered patio attached to bonus room * Virtual tour in Media on MLS

Investor Tools

$510,880

Estimated Property Value

$347,554Estimated Mortgage Balance

$163,326Estimated Equity

31% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,065 /month

Positive

Cash Flow Estimate:

$1,022 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$890/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,121

$510,880

2025

$198,000

$312,880

$510,880

Tax History

Year

Tax Paid

Assessed Value

2024

$8,121

$510,880

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Inc

$392,000

Yes

First

Jul 17, 2020

Aug 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$347,554

$163,326

31%

68%

$2,351/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,972/mo

$2,351/mo

$-379/mo

4.6%

Learn About the Market: Opportunity in Dallas

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